The tax in controversy is income tax for the taxable year 1940 in the amount of $634.36.
The only question involved is whether certain liquidating dividends paid by a corporation to the petitioner during the taxable year were distributed in complete liquidation pursuant to a bona fide plan specifying a time limit, or whether they were distributed in partial liquidation. The applicable statute is section 115 (c) of the Internal Revenue Code prior to its amendment by...
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